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Rima
Rima was born in 1957 in Vazashen village, in the Tavush area. Now she and her family live in Ijevan city. Rima is married and has two sons. One of her sons is married and lives separately from his parents. Rima’s husband goes to Russia for seasonal work once a year.
Rima and her son who lives with parents have run their own trading business since 2000. In their shop they sell food, beverages and household goods. Rima’s business helps her to meet her family’s needs for the most part.
In advance of New Year’s holiday, Rima intends to diversify her shop's assortment of goods, so she is asking for a 1,000,000 AMD loan to buy a large quantity of sweets, sugar, flour, butter, juice and household goods to resell.
This is Rima’s third loan from Kiva partner Nor Horizon and she has never delayed her repayments.

Additional Information

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,300
    Average annual income
  • 108
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 383.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Rima to buy a large quantity of sweets, sugar, flour, butter, juice and different household goods to resell.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013